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AG Mortgage Investment Trust, Inc. Announces Tax Treatment of 2016 Dividend Distributions

NEW YORK--(BUSINESS WIRE)--Jan. 20, 2017-- AG Mortgage Investment Trust, Inc. (NYSE:MITT) (the “Company”), a real estate investment trust (REIT), announced today the tax treatment of common and preferred stock dividends declared in 2016. This information is provided to assist stockholders with tax reporting requirements related to dividend distributions of taxable income by the Company.

Stockholders should review the 2016 tax statements received from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. Also, as each stockholder’s tax situation may be different, stockholders are encouraged to consult with their own professional tax advisor with respect to their specific tax treatment of the Company’s dividend distributions.

During 2016, the Company did not make any return of capital distributions. Additionally, because the Company is a REIT, dividends declared in the last month of a calendar year with a record date in that calendar year, but which are payable in January of the following year, are considered paid for Form 1099 reporting purposes on December 31 of the calendar year in which such dividend was declared, not on the payable date, to the extent the REIT has any remaining undistributed earnings and profits (as computed for income tax purposes) as of December 31 of that calendar year.

The Company’s distributions per share on its common stock (CUSIP #001228105) are to be classified for income tax purposes as follows:

       

2016

 

2016

 

2016

 

2016

Security

Declaration

Distribution

Ordinary

Qualified

Capital

Description

 

Date

  Record Date   Payable Date  

Per Share

 

Dividends

 

Dividends(1)

 

Gains

Common Stock   12/6/2016   12/19/2016   1/31/2017   $0.475   $0.475   $0.02687   $0.00
Common Stock   9/12/2016   9/23/2016   10/31/2016   $0.475   $0.475   $0.02687   $0.00
Common Stock   6/9/2016   6/20/2016   7/29/2016   $0.475   $0.475   $0.02687   $0.00
Common Stock   3/10/2016   3/21/2016   4/29/2016   $0.475   $0.475   $0.02687   $0.00

Totals

 

$1.90

 

$1.90

 

$0.10748

 

$0.00

(1) Qualified Dividends are a subset of, and included in, the Ordinary Dividends amount

 

The Company’s distributions per share on its Series A 8.25% Cumulative Redeemable Preferred Stock (CUSIP #001228204) are to be classified for income tax purposes as follows:

       

2016

 

2016

 

2016

 

2016

Security

Declaration

Distribution

Ordinary

Qualified

Capital

Description

 

Date

  Record Date   Payable Date  

Per Share

 

Dividends

 

Dividends(1)

 

Gains

Series A Preferred   11/16/2016   11/30/2016   12/19/2016   $0.51563   $0.51563   $0.02917   $0.00
Series A Preferred   8/15/2016   8/31/2016   9/19/2016   $0.51563   $0.51563   $0.02917   $0.00
Series A Preferred   5/13/2016   5/31/2016   6/17/2016   $0.51563   $0.51563   $0.02917   $0.00
Series A Preferred   2/12/2016   2/29/2016   3/17/2016   $0.51563   $0.51563   $0.02917   $0.00
Totals   $2.06252   $2.06252  

$0.11668

  $0.00

(1) Qualified Dividends are a subset of, and included in, the Ordinary Dividends amount

 

The Company’s distributions per share on its Series B 8.00% Cumulative Redeemable Preferred Stock (CUSIP #001228303) are to be classified for income tax purposes as follows:

       

2016

 

2016

 

2016

 

2016

Security

Declaration

Distribution

Ordinary

Qualified

Capital

Description

 

Date

  Record Date   Payable Date  

Per Share

 

Dividends

 

Dividends(1)

 

Gains

Series B Preferred   11/16/2016   11/30/2016   12/19/2016   $0.50   $0.50   $0.02829   $0.00
Series B Preferred   8/15/2016   8/31/2016   9/19/2016   $0.50   $0.50   $0.02829   $0.00
Series B Preferred   5/13/2016   5/31/2016   6/17/2016   $0.50   $0.50   $0.02829   $0.00
Series B Preferred   2/12/2016   2/29/2016   3/17/2016   $0.50   $0.50   $0.02829   $0.00

Totals

             

$2.00

 

$2.00

 

$0.11316

 

$0.00

(1) Qualified Dividends are a subset of, and included in, the Ordinary Dividends amount

 

The information provided in this press release is provided for informational purposes only and does not constitute tax advice. Stockholders are urged to consult their own tax advisors regarding the particular consequences of the distributions to them, including the applicability and effect of U.S. federal, state, local and foreign tax laws.

About AG Mortgage Investment Trust, Inc.

AG Mortgage Investment Trust, Inc. is a real estate investment trust that invests in, acquires and manages a diversified portfolio of residential and commercial mortgage assets, other real estate-related securities and financial assets. AG Mortgage Investment Trust, Inc. is externally managed and advised by AG REIT Management, LLC, a subsidiary of Angelo, Gordon & Co., L.P., an SEC-registered investment adviser that specializes in alternative investment activities. For additional information, please visit the Company’s website at www.agmit.com.

Source: AG Mortgage Investment Trust, Inc.

AG Mortgage Investment Trust, Inc.
Investor Relations
Karen Werbel, 212-692-2110
ir@agmit.com



©2011 AG Mortgage Investment Trust, Inc. 245 Park Avenue, 26th Floor | New York, NY 10167